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Why Did My Credit Score Drop After I Paid Off My Balance?

We recently received the following question from a reader about why her credit score would drop after paying off a credit card balance.

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Why Did My Credit Score Drop After I Paid Off My Balance?
credit score

Why Did My Credit Score Drop After I Paid Off My Balance?

We recently received the following question from a reader about why her credit score would drop after paying off a credit card balance.

Deanna Templeton

Why Isn't My Mortgage on My Credit Report?
mortgage

Why Isn't My Mortgage on My Credit Report?

A mortgage can provide a strong, positive reference on credit reports and boost your credit scores. But what if your lender refuses to report those payments?

Gerri Detweiler

Higher Ed Overhaul: Sell the Buildings, Lease the Land!
student loans

Higher Ed Overhaul: Sell the Buildings, Lease the Land!

The student loan crisis deserves all the attention it's attracted. But let's not focus all our good efforts on outcomes without addressing cause.

Mitchell D. Weiss

8 Key Facts About Your Mortgage APR
mortgages

8 Key Facts About Your Mortgage APR

Most home buyers are concerned with the annual percentage rate -- APR for short. Here's what you probably don't know about this mysterious figure.

Scott Sheldon

Should You Pay Off Your Ex's Credit Cards?
credit score

Should You Pay Off Your Ex's Credit Cards?

We've heard plenty of stories wherein an ex has damaged a former spouse's credit through unpaid debts. Here we look at one such cautionary tale.

Adam Levin

6 Things to Ask Before Hiring a Financial Advisor
personal finance

6 Things to Ask Before Hiring a Financial Advisor

If you are in the market for a financial advisor, here are the most important questions to ask your prospective advisor, and how to verify their answers.

Michael Garry

The Ultimate Guide to Student Loans
student loans

The Ultimate Guide to Student Loans

Americans owe $1.1 trillion in student loan debt, which are second only to mortgages in terms of household debt. Here's a comprehensive look at student loan debt.

Gerri Detweiler

Help! I Found a Judgment on My Credit Report
Managing Debt

Help! I Found a Judgment on My Credit Report

It's scary to find out you've been sued for a debt, but didn't even know it. Here's what to do if you find a judgment on your credit report.

Gerri Detweiler

How to Pay Off A Mountain of Credit Card Debt
Managing Debt

How to Pay Off A Mountain of Credit Card Debt

One recent study found that 1 in 4 people have more credit card debt than savings. So the best time to start paying off credit card debt is right now.

Benjamin Feldman

Student Loan Debt: How Much is Too Much?
student loans

Student Loan Debt: How Much is Too Much?

We recently asked adults of all ages about student loans. We asked how much student debt is okay, and how much is too much.

Adam Levin

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